Monthly Archives: July 2014

GLOBE AND MAIL – B.C. announces $1.35-million for training LNG workers

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KEVEN DREWS
BURNABY, B.C. — The Canadian Press
Published Monday, Jul. 28 2014, 8:59 PM EDT
Last updated Monday, Jul. 28 2014, 9:17 PM EDT

There’ll be 272 new seats in trades programs at the B.C. Institute of Technology this September, and the provincial government says they’ll help equip students to work in the proposed liquefied natural gas industry.

Advanced Education Minister Amrik Virk said Monday the Burnaby, B.C.-based institution will receive a total of $1.35-million to pay for the new positions and some minor equipment, and there’ll be similar announcements in the coming weeks across the province as the government rolls out its Skills for Jobs Blueprint.

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GLOBAL BC NEWS – Selling natural gas to Asia

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Mon, Jul 21: Premier Christy Clark government plans to target Asia as primary buyer of liquified natural gas to avoid price slump in North America. Ted Chernecki reports.

VANCOUVER SUN – Political summit hears B.C. liquefied natural gas cleans air, wipes out debt

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By Dirk Meissner, The Canadian Press July 22, 2014 8:50 AM

WHISTLER, B.C. – Premier Christy Clark says British Columbia’s proposed liquefied natural gas industry has the power to fight air pollution in China and clear up smog in Los Angeles.

The premier’s natural gas development minister also boasted to delegates at the same conference on Monday that the LNG industry will clean up the provincial debt.

Clark told the Pacific Northwest Economic Region gathering, where business and government leaders from U.S. states, provinces and territories gathered to address policy issues, that LNG will fight harmful greenhouse gas emissions worldwide, but it may also increase those same emissions in B.C.

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GLOBE AND MAIL – Kern Partners’ new fund backs LNG project

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Jeffrey Jones
CALGARY — The Globe and Mail
Published Last updated

Kern Partners, the Calgary-based private equity firm, has started up a new, $750-million energy fund that is partly focused on moving a British Columbia liquefied natural gas project forward as a way to help open up Asian markets for Canadian gas producers.

The new Kern fund, its fourth and largest to date, is aimed primarily at investing in diversified energy exploration and development, employing the same investment philosophy as the previous ones. That involves five-to-nine year investments with companies led by established management groups. But energy infrastructure and technology are also part of the mix, executives said.

Now in the process of raising funds, the firm is is already an investor in Steelhead LNG, a project proposed for Vancouver Island. This month, Steelhead and Huu-ay-aht First Nations signed a deal to co-operate on working toward building a plant at Sarita Bay, at the southern end of Alberni Inlet. It is one of at least 15 LNG projects proposed for Canada’s West Coast.

Financial Post – No free pass: Western Canadians demand more from energy sector, survey shows

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Yadullah Hussain | July 17, 2014 | Last Updated: Jul 18 8:49 AM ET
More from Yadullah Hussain | @Yad_FPEnergy

Many Western Canadians are critical of the energy sector’s environmental performance and actively raise funds for or donate money to environmental causes, but still believe oil and gas development should be expanded, according to a new survey commissioned by Canada West Foundation.

The poll, conducted to understand how Westerners feel about farming, forestry, mining and energy, reveals a knowledgeable community actively engaged with developments in the industry, with a third discussing the issue with families and friends.

The poll, conducted by Ipsos Reid, surveyed about 3,000 Canadians mostly from British Columbia, Alberta, Saskatchewan and Manitoba (600 were from Ontario).

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Financial Post – Steelhead proposes US$30-billion LNG export facility on Vancouver island

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Yadullah Hussain | July 8, 2014 | Last Updated: Jul 8 6:20 PM ET

Upstart firm Steelhead LNG Corp. is hoping that it can break the dominance of major gas players to carve a market for independent companies in British Columbia’s crowded liquefied natural gas market.

Steelhead applied for an export permit with the National Energy Board to transport up to 30 million tonnes per annum (mtpa) of liquefied natural gas, the company said Tuesday at a press conference in British Columbia.

The Vancouver-based company also signed an agreement with the Huu-ay-aht First Nations (HFN) to jointly explore the development of the LNG project on HFN-owned land at Sarita Bay, about 10 kilometres north of Anacla at the southern end of Alberni Inlet on Vancouver Island. The company also has the support of Port Alberni Port Authority, which played matchmaker by encouraging the First Nations group to discuss an LNG initiative with Steelhead.

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The Globe and Mail – Aboriginal group on Vancouver Island signs deal for LNG project

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BRENT JANG
VANCOUVER — The Globe and Mail
Published Tuesday, Jul. 08 2014, 1:00 PM EDT
Last updated Tuesday, Jul. 08 2014, 2:15 PM EDT

A self-governing aboriginal group on Vancouver Island has signed a deal with a fledgling liquefied natural gas company in hopes of developing a massive project to export LNG to Asia.

Members of the Huu-ay-aht First Nations say they are eager to work with project leader Steelhead LNG Corp. to build an export terminal near Bamfield on the southwest side of Vancouver Island.

Huu-ay-aht First Nations chief councillor Jeff Cook said his group is in a strong position to help nurture a major venture in the resource sector. He noted that the Supreme Court of Canada ruled last month that the consent of aboriginals is required for how their ancestral lands are used.

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Alberni Valley Times – $30-billion LNG plant in the works

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Company reaches deal with Huu-ay-aht for export facility

Eric Plummer / Alberni Valley Times
July 9, 2014 12:00 AM

An agreement has been reached between the Huu-ay-aht First Nations and a Vancouver-based company that could bring a $30-billion liquefied natural gas facility to Barkley Sound.

The development would be located in Sarita Bay, approximately 70 kilometres southwest of Port Alberni on Huu-ay-aht land. A long list of regulatory approvals lie ahead, beginning with an application made on Tuesday by Steelhead LNG, the development’s parent company, to the National Energy Board for approval to export 30-million tonnes of liquefied natural gas a year from the site.

Nigel Kuzemko, CEO of Steelhead LNG, is looking into bringing pipelines to the proposed facility. He expects the LNG plant would not be operational for at least eight years.

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Alberni Valley News – Huu-ay-aht ink deal to explore LNG project

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By Alberni Valley News
Published: July 08, 2014 09:00 PM
Updated: July 09, 2014 10:3210 AM

The Huu-ay-aht First Nation’s dream of an LNG facility has taken a giant step closer to reality.

The Huu-ay-aht and liquid gas conglomerate Steelhead LNG signed an agreement on Tuesday that will see them explore the possibility of building a $30 billion liquid natural gas (LNG) plant in Sarita Bay.

“In 2011 we signed the Maa-nulth Treaty and it changed our lives,” said Jeff Cook, chief councillor of the 750-member Huu-ay-aht. “We said afterward that we are open for business and we’ve been pursuing that.”

The proposed plant would be built on Huu-ay-aht land at Sarita Bay, approximately 10 kilometres north of their village in Anacla.

Steelhead filed for an export licence from the National Energy Board to export up to 30 million tonnes of LNG annually for 25 years. “That could be used for this site,” Steelhead CEO Nigel Kuzemko said. The company hopes to launch with 12 million tonnes of annual LNG capacity by 2022.

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News

Canada’s Kwispaa LNG and Hyundai Heavy Industries close deal for Front-End Engineering and Design of At-Shore LNG™ hulls for the Kwispaa LNG Project more →
Steelhead LNG appoints Corey Goulet as Vice President, Pipeline more →
Western Canadian energy executive Randy Jespersen joins Steelhead LNG Executive Team and Board of Directors more →

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